Hibbett Sports (HIBB) Lifted to “Strong-Buy” at ValuEngine
ValuEngine upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a strong-buy rating in a report published on Friday.
HIBB has been the subject of several other research reports. SunTrust Banks reiterated a hold rating and issued a $13.00 price target on shares of Hibbett Sports in a research report on Tuesday, October 17th. Forward View downgraded shares of Hibbett Sports to a sell rating and set a $10.00 price target for the company. in a research report on Monday, August 28th. UBS upgraded shares of Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Susquehanna Bancshares upgraded shares of Hibbett Sports from a neutral rating to a positive rating and upped their price target for the company from $11.00 to $17.00 in a research report on Wednesday, September 20th. Finally, Canaccord Genuity set a $17.00 price target on shares of Hibbett Sports and gave the company a hold rating in a research report on Monday, November 20th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $22.56.
Hibbett Sports (HIBB) traded down $1.20 during mid-day trading on Friday, reaching $18.75. 1,239,600 shares of the company traded hands, compared to its average volume of 692,687. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $43.40. The stock has a market cap of $385.12, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 5.80 and a beta of 0.96.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm had revenue of $237.80 million during the quarter, compared to the consensus estimate of $219.38 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Hibbett Sports’s revenue for the quarter was up .3% on a year-over-year basis. sell-side analysts predict that Hibbett Sports will post 1.5 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Hibbett Sports by 10.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 207,993 shares of the company’s stock worth $2,964,000 after purchasing an additional 20,013 shares during the period. California Public Employees Retirement System grew its stake in Hibbett Sports by 30.2% in the 3rd quarter. California Public Employees Retirement System now owns 123,591 shares of the company’s stock valued at $1,761,000 after acquiring an additional 28,691 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Hibbett Sports by 51.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock valued at $388,000 after acquiring an additional 9,283 shares during the last quarter. KBC Group NV grew its stake in Hibbett Sports by 72.1% in the 3rd quarter. KBC Group NV now owns 81,889 shares of the company’s stock valued at $1,167,000 after acquiring an additional 34,317 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Hibbett Sports in the 3rd quarter valued at about $143,000.
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Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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